SIEMENS LTD

Siemens Limited held its earnings call on May 28, 2026, to discuss the financial performance for the quarter ending March 31, 2026. Management, led by CEO Sunil Mathur, highlighted a resilient macroeconomic environment in India, with continued growth in private and public capital expenditure (CapEx). Despite challenges from currency depreciation and commodity price volatility, the company reported strong order intake and revenue growth, with a backlog of INR 450 billion. Key projects included the delivery of 40 locomotives to Indian Railways and an order for a semiconductor facility. Financially, revenue increased by 14.6% year-on-year, while EBITDA margins were impacted by rising material costs. Management emphasized a focus on sustainability and the importance of the India-EU Free Trade Agreement for future growth. The call concluded with a Q&A session addressing various investor inquiries about margins, order flows, and market conditions.

The management expressed optimism about growth while acknowledging challenges from inflation and commodity prices.